Friday, Jul 13, 17:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Higher
- Website Renewed! All the Forex Market news and research also in Spanish
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Bank of Japan Meeting Review by FXstreet.com
- Check out the NEW Flash Charts on the Rates & Charts Section
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies? - Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jul 16, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Using Fibonacci levels to project price targets and timing
Expert: John Jagerson
Start: Mon, Jul 16, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, Jul 16, 10:00 GMT | What moves currencies? - Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jul 16, 11:00 GMT | Using Fibonacci levels to project price targets and timing | John Jagerson | WBN | |
| Mon, Jul 16, 13:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Mon, Jul 16, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jul 16, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets - Free-Access Day | Steve Primo | WBN | |
Current Session: U.S.
USD/JPY
Daily Outlook - USD/JPY daily by Karoll
My working count suggests that the fall started from 124.12 ends with the triangle shown on the chart i.e. I look at it as a complex corrective combination which ends with a triangle. This corrective fall suggests at least 61.8 % retracement up or even a new high above 124.12.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- Follow up all the currency pairs in Real Time, the Advisor Weblog by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Mid-Day Forex Technical Report - Dollar at New Record Low Against Euro after Disappointing Retail Sales by ActionForex.com
Daily Trading Strategy - Technically speaking what’s next? by MVDForex
Daily Market Report: Forex - The Euro rose to an all time high as a result of follow through selling post a weak US retail sales report by ICICI Bank
Currencies at a Glance
- EUR/USD
- Back around opening price level 1.3789 , above pivot level 1.3775
07/13/2007 16:18 GMT - GBP/USD
- Trades around first resistant level 2.0354
07/13/2007 16:19 GMT - USD/CHF
- Trade below pivot level 1.2033
07/13/2007 16:20 GMT - USD/JPY
- Trades around first support level 121.96
07/13/2007 16:20 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jul 16 | 09:00 | Consumer Price Index (MoM) | 0.1% | 0.2% |
| Jul 16 | 09:00 | Consumer Price Index (YoY) | 1.9% | 1.9% |
Friday Notes - "Suberprimemania" refuses to go away by HVB Group
For June, we expect headline inflation to be confirmed at 1.9% (in line with the flash estimate), thus being unchanged from the month before. Core inflation should also have held steady at 1.9%. But in July and August, the headline rate is set to accelerate significantly due to rising oil & energy prices until the end of Q3.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 13 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 92.4 | 85.5 | 85.3 |
Reuters/Univ Michigan Mid-Jul Sentiment 92.4; Jun 85.3 (Dow Jones)
Consumer sentiment soared to a six-month high as of the middle of July, according to the latest University of Michigan/Reuters survey reported Friday. The preliminary survey for this month included a rise in the headline confidence index to 92.4 from 85.3 in June. This is the strongest reading since January of this year.
[ Full Story ]- US Michigan preliminary July consumer sentiment index 92.4 vs 86.0 expected (Thomson Financial News)
- Reuters/Univ Michigan Mid-Jul Sentiment 92.4; Jun 85.3 (Dow Jones)
- July Reuters/Michigan Consumer Sentiment Index improves to 92.4 (FXstreet.com)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 13 | 12:30 | Retail Sales ex Autos (MoM) | -0.4% | 0.3% | 0.8% |
| Jul 13 | 12:30 | Retail Sales (MoM) | -0.9% | 0.3% | 1.5% |
DATA SNAP: US Jun Retail Sales Down Far More Than Expected (Dow Jones)
U.S. retail sales plunged in June, taking a drop that was the biggest in nearly two years and supported the notion consumer spending softened during spring. Retail sales decreased 0.9% last month, the Commerce Department said Friday. The drop followed a big, 1.5% increase in May, revised up from an originally estimated 1.4% jump.
[ Full Story ]- Read the Advance Monthly Retail Sales at Commerce Department
- Forex - Dollar falls on dismal retail sales, euro finds footing above 1.38 usd (Thomson Financial News)
- US June retail sales down 0.9 pct, ex-autos down 0.4 pct (Thomson Financial News)
- Table of Data On Retail Sales From Commerce (Dow Jones)
Daily FX Commentary by Investica Ltd
Asia Market Update - NZD gives back all of its data-related gains as markets wait for U.S. retail sales data by Trade The News
US economic indicators - Retail sales could have remained unchanged in June, after rising sharply in May by BHF-Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 13 | 14:00 | US | Business Inventories (May) | 0.5% | 0.4% | 0.4% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Jul)  | 92.4 | 85.5 | 85.3 | |
| Jul 16 | 06:00 | DE | Consumer Price Index (MoM) (Jun) | 0.1% | ||
| 06:00 | DE | Consumer Price Index (YoY) (Jun) | 1.8% | 1.8% | ||
| 09:00 | EMU | Consumer Price Index (MoM) | 0.1% | 0.2% | ||
| 09:00 | EMU | Consumer Price Index (YoY) | 1.9% | 1.9% | ||
| Jul 17 | 08:30 | UK | Consumer Price Index (MoM) (Jun) | 0.2% | 0.3% | |